Pro Bono
Pro Bono
Out of context: Reply #10
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- nosaj0
Say you made $50,000 in a year and contributed another $50,000 of your time to a charity and you were able to claim pro bono work done for nonprofits as charitable donations you would not pay any income tax at all.
If you made $50,000 in a year and contributed $50,000 cash to a charity you would have no income to tax - thus a $50,000 tax deduction.